Since one or the other has said that I should post a few trades that I make as a speculative investor, here are the ones from today. I have 4 entries today. 3 of them medium-term, which for me means up to 24 months. They are all three small stocks with a small market capitalization. So for some people they are more like gambling stocks. $POET (+6.18%) ; $RZLV (+8.24%) ; and last but not least in this area $CRNC (+3.88%) . They are all bets that they will become profitable in the next 2 years. The most speculative and with the highest risk is certainly $RZLV (+8.24%) . In my opinion, the one with the most potential is $POET (+6.18%) In my rather short-term trading part $MC (+2.08%) but as a derivative with a KO of 550 euros.
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3Cerence (CRNC) shares rise by more than 100% after extended collaboration with NVIDIA
Cerence shares rose by more than 100%, reaching their highest level since January 2024 at USD 23.92. The reason for the jump in share price is an expanded collaboration with NVIDIA to drive the development of Cerence's AI-based vehicle technology. The companies are working together to optimize the Cerence Automotive Large Language Model (CaLLM) - a technology that enables vehicles to better respond to the driver's voice. With the support of Nvidia AI Enterprise and other technologies such as NVIDIA DRIVE AGX Orin, the aim is to enable faster assistance systems, improved user experiences and increased safety and privacy in vehicles. According to Cerence Vice President Nils Schanz, this partnership strengthens the company's position as a leading provider of AI solutions in the automotive sector and offers car manufacturers scalable, generative AI solutions.
What is your pick from this week Magic Formula list?
For all the Joel Greenblatt's Magic Formula enthusiast on this platform I think it will be fun to publish this week Magic Formula's list and get your take on the stocks in the list.
What stock would you pick and keep for 1 year? Why?
Magic Formula's list (17/11/2024)
- $MO (-0.21%)
- $BTMD
- $BMBL
- $CRNC (+3.88%)
- $COLL (+0.31%)
- $CCSI
- $CROX (+0.57%)
- $CTMX (+0.18%)
- $DESP (-0.82%)
- $TRDA
- $GTX (+0%)
- $GCT
- $HRMY
- $HSII (+0.45%)
- $HPQ (+0.68%)
- $INVA (+0%)
- $IPG (+0.98%)
- $JILL (+0%)
- $MED (+0.84%)
- $PARA (+0.06%)
- $MD (-0.37%)
- $PRDO (+0.75%)
- $PLTK (+1.12%)
- $PBYI
- $RMNI (-0.75%)
- $SIGA
- $SIRI
- $SPRO (+1.25%)
- $UIS (+0.79%)
- $VYGR (+1.01%)
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